12036 State Highway 64, Tyler, TX 75704

$2,350,000
9,936
SqFt
List Price
$2,350,000
MLS#
24004151
Status
ACTIVE
Levels
1 Story
City
Tyler
Subdivision
NA
Acres
1.19
Living Area
9,936

Property Description

Newly renovated/constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Construction of three remaining structures expected by early Summer 2024 — already lined-up with tenants. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. The property includes 1 single family home, 3 duplexes, and 7 luxury cottages for a total of 9,936 leasable sqft. 3 cottages still under construction—May / June 2024 completion (tenants pre-approved for move-in upon completion). Annual Pro Forma Metrics: $182,923 Effective Rental Income (3% Vacancy) | $129,931 NOI | 5.5% CAP. Currently 100% occupied and ready to cash flow upon construction completion. Reach out to the agent for financial documents and more unit details.

Additional Information

Taxes
$NA
Interior Features
Other/See Remarks
Cooling
Central Electric, Other/See Remarks
Heating
Central Electric
Exterior Features
Patio Covered, Porch
Water
Public
Sewer
Public Sewer
Elementary School
Dixie
Middle School
Boulter
High School
Tyler High

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy of: Fischer Davis with Drake Real Estate & Investments.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.